[Weekly Compilation of Presidential Documents Volume 42, Number 45 (Monday, November 13, 2006)]
[Pages 1984-1985]
[Online from the Government Publishing Office, www.gpo.gov]

The President's Radio Address

November 4, 2006

    Good morning. I'm speaking to you today from the Mile High Coffee 
Shop in Englewood, Colorado. Mile High Coffee was founded by Brian 
Verbeck, who is the city's entrepreneur of the year. I'm here to have a 
cup of his famous coffee and have breakfast with a group of local 
entrepreneurs to discuss our strong and growing economy.
    Yesterday we received more good news about our economy. The national 
unemployment rate has dropped to 4.4 percent. It's the lowest rate in 
more than 5 years. Over the past 3 months, America has added 470,000 new 
jobs, for a total of more than 6.8 million new jobs since August of 
2003. Real wages rose 2.4 percent over the past year, which means an 
extra $1,327 for the typical family of four with two wage earners. 
Americans are finding jobs, and they're taking home more pay.
    The main reason for our growing economy is that we cut taxes and 
left more money in the hands of families and workers and small-business 
owners. Entrepreneurs like the ones I'm having breakfast with this 
morning have put that money to good use. They expanded their businesses, 
and they're creating jobs in their communities.
    One of the entrepreneurs with me today is Duke Hanson, the cofounder 
of a company called Crocs. Crocs produces a hugely popular line of 
lightweight shoes, and over the past 3 years, they've expanded 
dramatically. Three years ago, Crocs had just 11 employees. Today, Crocs 
provides jobs for hundreds of Americans, and his shoes are sold all over 
the world. Duke calls this ``rocket-ship growth.'' Here's what he says: 
``We're bringing a lot of money in. We're employing people and providing 
a product that millions of people love.''
    Another entrepreneur with me today is Rich Lewis. Rich is the 
founder, president, and CEO of a technology company called RTL Networks. 
Rich's company sells and maintains computer network hardware and 
infrastructure. His business is growing as

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well. Over the past 4 years, RTL Networks has expanded from 1 to 19 
employees. Rich says, ``We've been growing. I feel more secure now as an 
entrepreneur and businessowner, and I see continued growth.''
    A third entrepreneur with me today is Luke Schmieder. He's the 
chairman and CEO and cofounder of Mesa Labs. His company sells kidney 
dialysis products, electronic measuring instruments, and biological 
indicators, which means they use technology to meet people's health care 
needs. His company got off to a rough start, until Luke mortgaged his 
house to turn things around. In the past 6 years, the company has grown 
34 percent. Luke says, ``Revenues are up; earnings are up. I say it's a 
good economy right now.''
    Our tax cuts have helped businesses like these create jobs and 
deliver prosperity across Colorado and across the Nation. Yet Democrats 
in Washington have consistently opposed cutting taxes. They predicted 
that the tax cuts would not create jobs, would [not] * increase wages, 
and would cause the Federal deficit to explode. American workers and 
entrepreneurs have proved all those predictions wrong.
    * White House correction.
    But the Democrats are still determined to raise taxes. And if they 
gain control of the Congress, they can do so without lifting a finger. 
Under current law, many of the tax cuts we passed have to be renewed by 
Congress or they will expire. In other words, if Congress fails to act, 
your taxes will automatically go up. If Democrats take control of the 
House, the committee in charge of all the tax legislation would be 
chaired by a Democrat who recently said he can't think of one of our tax 
cuts he would extend. And if there's no legislation to renew and extend 
the tax cuts, every tax rate will go back up to its old, higher level.
    Think what that would mean for the small-business owners like the 
ones with me today. If the Democrats have their way, small-business 
owners like Rich Lewis, who pay business taxes at individual rates, will 
see their taxes go up. Small-business owners who want to expand and 
invest in new equipment will face a tax hike as well. And small-business 
owners who hope to pass on their life's work to their children and 
grandchildren will have to worry about their families being hit by the 
return of the death tax.
    The choice you make on Tuesday will have a direct impact on our 
economy, on the small businesses that are creating jobs, and on the 
workers who depend on them. The last thing American families and small 
businesses need now is a higher tax bill, and that is what you'll get if 
the Democrats take control of the Congress.
    America needs leaders in Washington who understand that you know how 
to save, spend, and invest your money better than the Federal 
Government. And we need leaders who will work to make the tax relief we 
delivered permanent. And now the decision is in your hands, and however 
you decide, I urge you to get out and vote on Tuesday.
    I appreciate you listening.

Note: The address was recorded at 8:06 a.m. at Mile High Coffee in 
Englewood, CO, for immediate broadcast. The Office of the Press 
Secretary also released a Spanish language transcript of this address.